Somerset Trust Co lifted its holdings in shares of Leidos Holdings Inc (NYSE:LDOS) by 150.6% during the first quarter, according to its most recent disclosure with the SEC. The fund owned 436 shares of the aerospace company’s stock after acquiring an additional 262 shares during the period. Somerset Trust Co’s holdings in Leidos were worth $28,000 at the end of the most recent quarter.
Other hedge funds have also modified their holdings of the company. Bank of New York Mellon Corp grew its holdings in Leidos by 3.0% in the 3rd quarter. Bank of New York Mellon Corp now owns 1,909,833 shares of the aerospace company’s stock valued at $132,084,000 after buying an additional 56,294 shares in the last quarter. Pictet Asset Management Ltd. grew its holdings in Leidos by 2.1% in the 3rd quarter. Pictet Asset Management Ltd. now owns 48,561 shares of the aerospace company’s stock valued at $3,358,000 after buying an additional 1,000 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in Leidos by 0.7% in the 3rd quarter. Dimensional Fund Advisors LP now owns 1,546,570 shares of the aerospace company’s stock valued at $106,949,000 after buying an additional 11,051 shares in the last quarter. Loomis Sayles & Co. L P grew its holdings in Leidos by 858.9% in the 3rd quarter. Loomis Sayles & Co. L P now owns 3,989 shares of the aerospace company’s stock valued at $276,000 after buying an additional 3,573 shares in the last quarter. Finally, First Republic Investment Management Inc. grew its holdings in Leidos by 51.3% in the 3rd quarter. First Republic Investment Management Inc. now owns 6,133 shares of the aerospace company’s stock valued at $424,000 after buying an additional 2,080 shares in the last quarter. Institutional investors and hedge funds own 76.85% of the company’s stock.
Several brokerages have recently commented on LDOS. ValuEngine raised Leidos from a “sell” rating to a “hold” rating in a research note on Monday, February 4th. Drexel Hamilton reissued a “buy” rating and set a $75.00 target price on shares of Leidos in a research note on Friday, February 22nd. Zacks Investment Research raised Leidos from a “sell” rating to a “hold” rating in a research note on Friday, January 25th. Finally, Cowen reissued a “buy” rating and set a $70.00 target price on shares of Leidos in a research note on Tuesday, February 19th. Three investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price of $74.60.
LDOS stock traded up $0.05 during mid-day trading on Wednesday, reaching $65.18. The company had a trading volume of 166 shares, compared to its average volume of 765,826. The company has a debt-to-equity ratio of 0.92, a current ratio of 1.38 and a quick ratio of 1.38. The firm has a market capitalization of $9.35 billion, a P/E ratio of 14.88, a P/E/G ratio of 1.51 and a beta of 1.71. Leidos Holdings Inc has a fifty-two week low of $50.33 and a fifty-two week high of $72.30.
Leidos (NYSE:LDOS) last released its quarterly earnings data on Tuesday, February 19th. The aerospace company reported $1.10 EPS for the quarter, beating analysts’ consensus estimates of $1.07 by $0.03. Leidos had a return on equity of 19.68% and a net margin of 5.70%. The business had revenue of $2.65 billion for the quarter, compared to the consensus estimate of $2.66 billion. During the same quarter in the prior year, the business posted $0.87 EPS. The business’s revenue for the quarter was up 5.2% on a year-over-year basis. On average, analysts expect that Leidos Holdings Inc will post 4.53 EPS for the current year.
The company also recently declared a quarterly dividend, which was paid on Friday, March 29th. Investors of record on Friday, March 15th were paid a dividend of $0.32 per share. The ex-dividend date of this dividend was Thursday, March 14th. This represents a $1.28 dividend on an annualized basis and a yield of 1.96%. Leidos’s dividend payout ratio is presently 29.22%.
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Leidos Holdings, Inc provides services and solutions in the defense, intelligence, civil, and health markets in the United States and internationally. It operates through three segments: Defense Solutions, Civil, and Health. The Defense Solutions segment offers national security solutions and systems for air, land, sea, space, and cyberspace for the U.S.
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